Stuttafords dies on 1 August. There are lessons to learn
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Stuttafords will shut up shop on 1 August.
The iconic giant could not evolve.
What do we learn from this?
The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.
_Listen to the interview in the audio below (and/or scroll down for quotes from it). _
Arguments are often why family-owned businesses don’t make it to the second generation.
Pavlo Phitids, Aurik Business Accelerator
Stuttafords had a great business model.
Pavlo Phitids, Aurik Business Accelerator
They created a wonderful experience. But things have changed.
Pavlo Phitids, Aurik Business Accelerator
Stuttafords is South Africa’s Kodak.
Pavlo Phitids, Aurik Business Accelerator
Focussing on a niche lends itself to a very successful click-and-mortar business.
Pavlo Phitids, Aurik Business Accelerator
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